The company intends to use the funding to accelerate innovation and extend its reach internationally.

Founded in 2006 by CEO Jared Wray, Tier 3 has delivers enterprise-class cloud infrastructure (IaaS) and platform as a service (PaaS) capabilities to global enterprises and service providers in a single platform.
The company recently announced new cloud server group management capabilities to provide customers precise control of their workloads while minimizing server sprawl.
Tier 3 has regional presence in multiple locations in North America and Europe.